Transfer money to canada
- Thread starter Pravz87
- Start date
Best way is to bring some limited amount of cash 3-5K
Open your bank account and transfer your funds from the home country to your bank account in Canada
Why taking that much cash on a plane? If you declare the money and you can prove it is yours and from where it came, you are save I think.
When I came to Canada 2 years ago, I had less then 1000$ on me and transferred the rest to my Canadian account. I have opened two days, after I have arrived in Canada and 1 day after I got my SIN number. I needed a SIN number to open an account. I don’t remember how long it took before my money was transferred between my Belgian account and Canadian account, but I think it was only a few days. No hassle to declare the money when I left Europe and arrived in Canada and no risk to loose it or that it would be stolen.
When I came to Canada 2 years ago, I had less then 1000$ on me and transferred the rest to my Canadian account. I have opened two days, after I have arrived in Canada and 1 day after I got my SIN number. I needed a SIN number to open an account. I don’t remember how long it took before my money was transferred between my Belgian account and Canadian account, but I think it was only a few days. No hassle to declare the money when I left Europe and arrived in Canada and no risk to loose it or that it would be stolen.
There is no limit on the foreign exchange you can take out of India but it must be declared to the Indian customs authorities if it exceeds USD 5,000 + it should be purchased from the RBI or a RBI-authorized forex dealer.... otherwise it could be seized
